An insolvent UK recruitment company, which owes the UK exchequer hundreds of thousands of pounds, has been acquired for an initial £10,000 by a venture created by the previous owner – despite him receiving millions from the business in its final three years.
Premier Group Recruitment went into administration this month with debts of £2.9m – including £647,000 owed to HM Revenue and Customs (HMRC), which had commenced enforcement proceedings against the company. The recruiter’s assets were acquired three days later by a new company, PGGBR Ltd, founded by Andrew Woosnam, Premier’s 99% shareholder.
